In 1995 the prices of steak and potatoes were respectively
In 1995, the prices of steak and potatoes were, respectively, $3 and $0.50 per pound. In 2005, the prices became $4 and $0.60. If we ignore income effects, would you expect this person’s consumption of steak and potatoes to have changed?
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in 1995 the prices of steak and potatoes were respectively 3 and 050 per pound in 2005 the prices became 4 and 060 if
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